National Bankshares Has Lowered Expectations for Tamarack Valley Energy (TSE:TVE) Stock Price

Tamarack Valley Energy (TSE:TVE) had its price objective lowered by National Bankshares from C$7.00 to C$6.75 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 54.11% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. BMO Capital Markets lifted their price objective on shares of Tamarack Valley Energy from C$5.50 to C$6.00 in a research note on Friday, December 13th. Raymond James upgraded Tamarack Valley Energy to a “hold” rating in a research report on Thursday, October 17th. Canaccord Genuity Group upped their price objective on Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. CIBC lifted their target price on Tamarack Valley Energy from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada raised their price target on Tamarack Valley Energy from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$5.48.

Tamarack Valley Energy Trading Up 3.5 %

Shares of TVE stock opened at C$4.38 on Thursday. The stock’s 50-day moving average price is C$4.29 and its 200-day moving average price is C$4.00. Tamarack Valley Energy has a 12-month low of C$2.90 and a 12-month high of C$4.70. The stock has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 19.04 and a beta of 2.49. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 41.72.

Insider Buying and Selling at Tamarack Valley Energy

In other news, Director Marnie Smith sold 9,668 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$4.42, for a total transaction of C$42,732.56. Company insiders own 1.32% of the company’s stock.

Tamarack Valley Energy Company Profile

Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in Cardium light oil plays in Wilson Creek/Alder Flats/Pembina, and Garrington and Lochend areas in Alberta; Viking light oil resource plays in Redwater and Westlock in Alberta, as well as in the Consort area of southeast Alberta and Hoosier area of southwest Saskatchewan; Barons Sands light oil plays located in the Penny area of Southern Alberta; and heavy oil properties located in Hatton area of Saskatchewan.